Stocks Slide As Chinese Market Takes a Tumble

Summary


U.S. stocks posted their best August since 2000 but ended the month down slightly after Chinese stocks plunged, leading to concern that markets have risen too far, too fast given economic conditions.

The Dow Jones Industrial Average fell 47.92, or 0.5 percent, to 9,496.38, it's biggest point decline in two weeks. The S&P 500 Index fell 8.31, or 0.8 percent, to 1,020.62. The tech-heavy Nasdaq Composite Index fell 19.71, or 1 percent, to 2,009.06. The Russell 2000 Index of small-cap stocks fell 7.79, or 1.3 percent, to 572.07.

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Stocks Slide As Chinese Market Takes a Tumble

The Shanghai Composite Index, the worst-performing market in the world last month with a 22 percent dr...

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